CMI - Cummins Inc.

Long-term holding.

Extremely strong moat with cult-like following, but host says 'not a recommendation'; positive view.

Part of century portfolio; long-term holding

Underappreciated, will benefit from AI boom via power generation.

Listed as a potential century stock but not an active recommendation.

Cummins builds engines and power systems for heavy-duty trucks, construction equipment, power generators, and critically, data center backup power. The host sees it as a boring but necessary industrial play with a sticky business — high-margin replacement parts that customers must buy from them. As AI data centers explode, power reliability becomes non-negotiable. They have strong free cash flow, a healthy balance sheet, pay a dividend, and don't need perfect economic conditions to survive. The host is adding to his position.

Bullish on Cummins due to its cult following - customers specifically seek out Cummins diesel engines regardless of vehicle brand. This indicates a superior, long-lasting product which is ~95% of business success.

Long-term bullish on Cummins; one of his core holdings in individual stock portfolio; high quality company with good leadership, products, and growth

Listed as one of Joe's long-term bullish positions. Solid stock that he really likes for the long term (years).